Phillips Curve Inflation Forecasts

Prepared for the Federal Reserve Bank of Boston Conference, "Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective," June 9-11, 2008. We thank Ian Dew-Becker for research assistance and Michelle Barnes of the Boston Fed for data assistance. This research was funded in part by NSF grant SBR-0617811. Data and replication files are available at http://www.princeton.edu/~mwatson. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.